**Permitted Sub-Lessee** means (a) a Certificated Air Carrier that (1) is paying its debts as they become due, (2) is not subject to any bankruptcy, insolvency or
similar proceedings, and has not announced that any such proceedings are under consideration, and (3) is not in default in any material obligations owing to Lessor or any Lessor Affiliate, and (4) has no pending request for, and is not in
discussions with Lessor or a Lessor Affiliate concerning, a rescheduling of rent or other payment obligations to Lessor or any Lessor Affiliate, and (b) any Person as to which Lessor given its prior written consent in accordance with Section
8.4(a)(i). 

  

 **Person** means any individual person, any form of corporate or
business association, trust, Government Entity, or organization or association of which any of the above is a member or a participant. 

  

 **Pre-Approved Bank** has the meaning given in the Aircraft Lease Agreement. 

  


**Pre-Delivery Procedure** means the procedure leading to Delivery as specified in Schedule 4. 

  

 **Purchase Price** has the meaning given in the Aircraft Lease Agreement. 

  

 **Redelivery Check** has the meaning given in the Aircraft Lease Agreement. 

  

 **Redelivery Location** has the meaning given in the Aircraft Lease Agreement.